EIA短期能源展望报告：预计2026年全球石油需求为1.024亿桶/日，此前预期为1.024亿桶/日；预计2027年全球石油需求为1.044亿桶/日，此前预期为1.046亿桶/日。

The EIA in its Short-Term Energy Outlook raised its 2027 U.S. retail diesel price forecast by 12% and gasoline by 5% versus last month. It said global oil product supply constraints may persist through end-2027, keeping product crack spreads elevated and supporting high U.S. refinery operating rates. The agency expects Brent to trade near $100/bbl for the remainder of this year, easing to $77/bbl in Q4 2027 as global inventories gradually rebuild.

Domestic bond market has strengthened YTD; pure-bond funds have delivered robust returns. Wind data as of Nov. 9 show several medium-to-long-term pure-bond funds, including Minsheng Jiayin Ruixia One-Year Open-Ended Bond and CITIC Prudential WenYue, are up more than 10% YTD. Fund manager Fu Yu said the fund's gains came from local government bond coupons, duration plays in rate bonds, leveraged carry and curve trades. From a valuation and crowding perspective, long-end yields are at historical lows and duration is crowded, which lowers reward-to-risk; a negative shock would likely amplify volatility. He views the bond market as structurally strong over the long run but expects near-term upside to slow, with greater chance of range-bound trading and pullbacks, reducing the attractiveness of chasing highs.